Manufacturers outperform global peers

TNNNov 30, 2005, 01.59am IST

BANGALORE: Indian manufacturing companies, often overlooked as a competitive force in the global manufacturing arena, are quietly enjoying gross profits and sales growth rates nearly twice that of global manufacturers, according to the preliminary findings of a global benchmark study by Deloitte Touche Tohmatsu (Deloitte).

The study indicates that local manufacturers are enjoying average sales growth of 15% compared with global peers at 7% and delivering gross profits averaging 16% (8% global average).